Shinagawa Refra（5351）株式概要品川リフラ株式会社は、耐火物製品の製造・販売を国内外で行っている。 詳細5351 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績5/6財務の健全性5/6配当金5/6報酬株価収益率（ 3.3 x） JP市場（ 13.8 x）を下回っています。過去1年間で収益は166.6%増加しました リスク分析財務結果に影響を与える大きな一時的項目 4.7%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る5351 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥1.91k13.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0289b2016201920222025202620282031Revenue JP¥288.7bEarnings JP¥42.3bAdvancedSet Fair ValueView all narrativesShinagawa Refra Co., Ltd. 競合他社VertexSymbol: TSE:5290Market cap: JP¥76.4bMitani SekisanSymbol: TSE:5273Market cap: JP¥110.5bAsia Pile HoldingsSymbol: TSE:5288Market cap: JP¥61.9bMaeda KosenSymbol: TSE:7821Market cap: JP¥121.1b価格と性能株価の高値、安値、推移の概要Shinagawa Refra過去の株価現在の株価JP¥1,910.0052週高値JP¥2,507.0052週安値JP¥1,599.00ベータ0.571ヶ月の変化-2.10%3ヶ月変化-20.02%1年変化18.19%3年間の変化97.31%5年間の変化158.81%IPOからの変化-40.31%最新ニュースReported Earnings • May 20Full year 2026 earnings released: EPS: JP¥571 (vs JP¥214 in FY 2025)Full year 2026 results: EPS: JP¥571 (up from JP¥214 in FY 2025). Revenue: JP¥177.7b (up 23% from FY 2025). Net income: JP¥26.1b (up 167% from FY 2025). Profit margin: 15% (up from 6.8% in FY 2025). Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year.お知らせ • May 15Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026.お知らせ • May 09Shinagawa Refra Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026Shinagawa Refra Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to JP¥2,106. The fair value is estimated to be JP¥2,669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).Buy Or Sell Opportunity • Mar 09Now 20% undervaluedOver the last 90 days, the stock has risen 16% to JP¥2,213. The fair value is estimated to be JP¥2,782, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.最新情報をもっと見るRecent updatesReported Earnings • May 20Full year 2026 earnings released: EPS: JP¥571 (vs JP¥214 in FY 2025)Full year 2026 results: EPS: JP¥571 (up from JP¥214 in FY 2025). Revenue: JP¥177.7b (up 23% from FY 2025). Net income: JP¥26.1b (up 167% from FY 2025). Profit margin: 15% (up from 6.8% in FY 2025). Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year.お知らせ • May 15Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026.お知らせ • May 09Shinagawa Refra Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026Shinagawa Refra Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to JP¥2,106. The fair value is estimated to be JP¥2,669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).Buy Or Sell Opportunity • Mar 09Now 20% undervaluedOver the last 90 days, the stock has risen 16% to JP¥2,213. The fair value is estimated to be JP¥2,782, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.分析記事 • Feb 13Shinagawa Refra (TSE:5351) Has Affirmed Its Dividend Of ¥45.00Shinagawa Refra Co., Ltd.'s ( TSE:5351 ) investors are due to receive a payment of ¥45.00 per share on 29th of June...Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥562 (vs JP¥66.09 in 3Q 2025)Third quarter 2026 results: EPS: JP¥562 (up from JP¥66.09 in 3Q 2025). Revenue: JP¥48.2b (up 31% from 3Q 2025). Net income: JP¥25.6b (up JP¥22.6b from 3Q 2025). Profit margin: 53% (up from 8.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jan 23Shinagawa Refra (TSE:5351) Is Paying Out A Dividend Of ¥45.00The board of Shinagawa Refra Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend on the 29th of June, with...お知らせ • Jan 23Shinagawa Refra Co., Ltd. (TSE:5351) entered into agreement to acquire 51% stake in Dynamix Casting Fluxes, Llc from Michael Kiss and other founders for $38.3 million.Shinagawa Refra Co., Ltd. (TSE:5351) entered into agreement to acquire 51% stake in Dynamix Casting Fluxes, Llc from Michael Kiss and other founders for $38.3 million on January 22, 2026. A cash consideration of $38.3 million will be paid by Shinagawa Refra Co., Ltd. As part of consideration, $38.3 million is paid towards common equity of Dynamix Casting Fluxes, Llc.分析記事 • Jan 09Shinagawa Refra (TSE:5351) Has Announced A Dividend Of ¥45.00The board of Shinagawa Refra Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend on the 29th of June, with...分析記事 • Dec 02Shinagawa Refra (TSE:5351) Has Affirmed Its Dividend Of ¥45.00The board of Shinagawa Refra Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend of ¥45.00 per share on...Declared Dividend • Dec 02First half dividend of JP¥45.00 announcedDividend of JP¥45.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Nov 29Shinagawa Refra Co., Ltd. to Report Q3, 2026 Results on Feb 05, 2026Shinagawa Refra Co., Ltd. announced that they will report Q3, 2026 results on Feb 05, 2026Reported Earnings • Nov 14Second quarter 2026 earnings released: EPS: JP¥56.68 (vs JP¥43.80 in 2Q 2025)Second quarter 2026 results: EPS: JP¥56.68 (up from JP¥43.80 in 2Q 2025). Revenue: JP¥43.6b (up 27% from 2Q 2025). Net income: JP¥2.59b (up 30% from 2Q 2025). Profit margin: 5.9% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Nov 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to JP¥1,840. The fair value is estimated to be JP¥2,306, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 14%.Buy Or Sell Opportunity • Oct 24Now 20% undervaluedOver the last 90 days, the stock has risen 11% to JP¥1,883. The fair value is estimated to be JP¥2,354, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 14%.Buy Or Sell Opportunity • Oct 07Now 20% undervaluedOver the last 90 days, the stock has risen 13% to JP¥1,875. The fair value is estimated to be JP¥2,355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 14%.分析記事 • Sep 21Shinagawa Refractories' (TSE:5351) Dividend Will Be ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend of ¥45.00 per share on the 2nd...分析記事 • Sep 05Shinagawa Refractories (TSE:5351) Will Pay A Dividend Of ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) will pay a dividend of ¥45.00 on the 2nd of December. Based on this...お知らせ • Sep 02Shinagawa Refractories Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025分析記事 • Aug 21Shinagawa Refractories (TSE:5351) Will Pay A Dividend Of ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) will pay a dividend of ¥45.00 on the 2nd of December. This makes the...Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥38.53 (vs JP¥63.93 in 1Q 2025)First quarter 2026 results: EPS: JP¥38.53 (down from JP¥63.93 in 1Q 2025). Revenue: JP¥38.3b (up 13% from 1Q 2025). Net income: JP¥1.76b (down 40% from 1Q 2025). Profit margin: 4.6% (down from 8.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 09New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.分析記事 • Aug 07Shinagawa Refractories (TSE:5351) Will Pay A Dividend Of ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) will pay a dividend of ¥45.00 on the 2nd of December. The dividend yield...分析記事 • Jul 24Shinagawa Refractories (TSE:5351) Has Announced A Dividend Of ¥45.00The board of Shinagawa Refractories Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend of ¥45.00 per...分析記事 • Jul 10Shinagawa Refractories (TSE:5351) Is Paying Out A Dividend Of ¥45.00The board of Shinagawa Refractories Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend on the 2nd of...Declared Dividend • Jul 09Final dividend of JP¥45.00 announcedDividend of JP¥45.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 5.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 27Shinagawa Refractories Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025分析記事 • May 28Why Shinagawa Refractories' (TSE:5351) Shaky Earnings Are Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Shinagawa Refractories Co., Ltd.'s ( TSE:5351 ) recent earnings didn't...Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥214 (vs JP¥328 in FY 2024)Full year 2025 results: EPS: JP¥214 (down from JP¥328 in FY 2024). Revenue: JP¥144.1b (flat on FY 2024). Net income: JP¥9.78b (down 36% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 15Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 26, 2025Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 26, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,404, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 10x in the Basic Materials industry in Japan. Total returns to shareholders of 122% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%).お知らせ • Mar 20Shinagawa Refractories Co., Ltd. (TSE:5351) agreed to acquire 60% stake in Reframax Engenharia S/A from three individuals for BRL 1 billion.Shinagawa Refractories Co., Ltd. (TSE:5351) agreed to acquire 60% stake in Reframax Engenharia S/A from three individuals for BRL 1 billion on March 19, 2025. Transaction values Reframax at BRL 1 billion on a debt-free, cash-free basis. The sellers are three individuals, who are part of the founding family of Reframax. Upon completion of the Transaction, Shinagawa will indirectly hold 60% of the issued share capital of Reframax. This acquisition will enhance Shinagawa’s presence in Americas, aligning with its Vision 2030 strategy for global expansion. Through this transaction, Shinagawa will acquire a controlling stake in Reframax. However, Reframax's existing management team will continue to lead the company post transaction, with oversight and strategic input from a newly constituted board of directors comprising representatives from both Shinagawa and the Founding Family. This new joint management and governance structure will ensure that Reframax maintains its market position and outstanding customer service in the South American refractories engineering market, whilst simultaneously leveraging on the engineering expertise and operational knowhow that Shinagawa has developed through its long-standing presence in the Japanese market. The transaction is subject to customary regulatory approvals, including clearance under Brazilian antitrust regulations. Following these approvals, closing is expected within Q1 FY 2025. Shinagawa has been assisted in this acquisition by Houlihan Lokey and Brasilpar (Financial Advisors) and Demarest (Legal Advisor).お知らせ • Mar 04Shinagawa Refractories Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025Shinagawa Refractories Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025New Risk • Feb 07New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.Declared Dividend • Dec 03First half dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (15% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Nov 30Shinagawa Refractories Co., Ltd. to Report Q3, 2025 Results on Feb 06, 2025Shinagawa Refractories Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025分析記事 • Nov 27Earnings Troubles May Signal Larger Issues for Shinagawa Refractories (TSE:5351) ShareholdersThe market wasn't impressed with the soft earnings from Shinagawa Refractories Co., Ltd. ( TSE:5351 ) recently. Our...Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥43.80 (vs JP¥53.33 in 2Q 2024)Second quarter 2025 results: EPS: JP¥43.80 (down from JP¥53.33 in 2Q 2024). Revenue: JP¥34.4b (down 4.6% from 2Q 2024). Net income: JP¥2.00b (down 20% from 2Q 2024). Profit margin: 5.8% (down from 6.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year and the company’s share price has also increased by 32% per year.お知らせ • Oct 24Shinagawa Refractories Co., Ltd. (TSE:5351) acquired Gouda Refractories B.V. from Andus Group BV for approximately €140 million.Shinagawa Refractories Co., Ltd. (TSE:5351) signed an agreement to acquire Gouda Refractories B.V. from Andus Group BV for approximately €140 million on October 24, 2024. Shinagawa Refractories acquired 18,000 shares of Gouda Refractories. The Company's board of directors meeting held today to enter into an agreement regarding the Share Acquisition and to borrow funds associated with the Share Acquisition. For December 31, 2023, Gouda Refractories has Consolidated net assets of €19.2 million, Consolidated total assets of €57.1 million, Consolidated sales of €103.7 million, Consolidated operating profit of €11.2 million. Shinagawa Refractories Co., Ltd. (TSE:5351) completed the acquisition of Gouda Refractories B.V. from Andus Group BV on October 24, 2024.Upcoming Dividend • Sep 20Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%).お知らせ • Aug 28Shinagawa Refractories Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥63.93 (vs JP¥148 in 1Q 2024)First quarter 2025 results: EPS: JP¥63.93 (down from JP¥148 in 1Q 2024). Revenue: JP¥33.9b (down 7.6% from 1Q 2024). Net income: JP¥2.91b (down 58% from 1Q 2024). Profit margin: 8.6% (down from 19% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 05The Market Doesn't Like What It Sees From Shinagawa Refractories Co., Ltd.'s (TSE:5351) Earnings Yet As Shares Tumble 28%The Shinagawa Refractories Co., Ltd. ( TSE:5351 ) share price has fared very poorly over the last month, falling by a...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,446, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Basic Materials industry in Japan. Total returns to shareholders of 103% over the past three years.Declared Dividend • Jul 11Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 33% over the next 2 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jun 02Shinagawa Refractories Co., Ltd. to Report Q1, 2025 Results on Aug 05, 2024Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2025 results on Aug 05, 2024分析記事 • May 22Additional Considerations Required While Assessing Shinagawa Refractories' (TSE:5351) Strong EarningsDespite posting some strong earnings, the market for Shinagawa Refractories Co., Ltd.'s ( TSE:5351 ) stock hasn't moved...Reported Earnings • May 16Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: JP¥328 (up from JP¥178 in FY 2023). Revenue: JP¥144.2b (up 15% from FY 2023). Net income: JP¥15.3b (up 84% from FY 2023). Profit margin: 11% (up from 6.6% in FY 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to stay flat during the next 2 years compared to a 3.3% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.お知らせ • May 15Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 27, 2024Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 27, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%).Price Target Changed • Mar 02Price target increased by 12% to JP¥2,190Up from JP¥1,950, the current price target is provided by 1 analyst. New target price is 8.5% above last closing price of JP¥2,018. Stock is up 115% over the past year. The company is forecast to post earnings per share of JP¥342 for next year compared to JP¥178 last year.お知らせ • Mar 02Shinagawa Refractories Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Shinagawa Refractories Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥68.90 (vs JP¥40.87 in 3Q 2023)Third quarter 2024 results: EPS: JP¥68.90 (up from JP¥40.87 in 3Q 2023). Revenue: JP¥36.4b (up 9.4% from 3Q 2023). Net income: JP¥3.18b (up 66% from 3Q 2023). Profit margin: 8.7% (up from 5.7% in 3Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 55% per year.お知らせ • Feb 03Shinagawa Refractories Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024Shinagawa Refractories Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of JPY 145,000 million, operating profit of JPY 14,500 million and profit attributable to owners of parent of JPY 15,000 million or JPY 323.11 per basic share.お知らせ • Dec 07Shinagawa Refractories Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024Shinagawa Refractories Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024Reported Earnings • Nov 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: JP¥36.0b (up 15% from 2Q 2023). Net income: JP¥2.50b (down 6.5% from 2Q 2023). Profit margin: 6.9% (down from 8.5% in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 04Shinagawa Refractories Co., Ltd. (TSE:5351) announces an Equity Buyback for 1,250,000 shares, representing 2.67% for ¥2,250 million.Shinagawa Refractories Co., Ltd. (TSE:5351) announces a share repurchase program. Under the program, the company will repurchase 1,250,000 shares, representing 2.67% of its issued share capital (excluding treasury stock), for ¥2,250 million. The purpose of the program is to enhance the return of profits to shareholders, increase the value per share, and implement flexible capital policies in response to changes in the business environment. The program will run until March 31, 2024. As of September 30, 2023, the company had 46,783,690 shares in issue (excluding treasury stock) and 363,140 shares in treasury.お知らせ • Oct 20An unknown buyer agreed to acquire a 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited (BSE:506076) for INR 80 millionAn unknown buyer agreed to acquire a 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited (BSE:506076) for INR 80 million on October 19, 2023.Valuation Update With 7 Day Price Move • Oct 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,393, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Basic Materials industry in Japan. Total returns to shareholders of 229% over the past three years.Upcoming Dividend • Sep 21Upcoming dividend of JP¥160 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.6%).お知らせ • Aug 30Shinagawa Refractories Co., Ltd. to Report Q2, 2024 Results on Nov 02, 2023Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2024 results on Nov 02, 2023New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results.Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: JP¥742 (vs JP¥205 in 1Q 2023)First quarter 2024 results: EPS: JP¥742 (up from JP¥205 in 1Q 2023). Revenue: JP¥36.7b (up 24% from 1Q 2023). Net income: JP¥6.94b (up 262% from 1Q 2023). Profit margin: 19% (up from 6.5% in 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥7,300, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Basic Materials industry in Japan. Total returns to shareholders of 285% over the past three years.New Risk • Jul 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Jun 09Shinagawa Refractories Co., Ltd. to Report Q1, 2024 Results on Aug 03, 2023Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2024 results on Aug 03, 2023Reported Earnings • May 13Full year 2023 earnings released: EPS: JP¥888 (vs JP¥568 in FY 2022)Full year 2023 results: EPS: JP¥888 (up from JP¥568 in FY 2022). Revenue: JP¥125.0b (up 13% from FY 2022). Net income: JP¥8.31b (up 56% from FY 2022). Profit margin: 6.6% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 12+ 1 more updateShinagawa Refractories Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2023, Payable on June 30, 2023; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2024Shinagawa Refractories Co., Ltd. announced dividend for the fiscal year ended March 31, 2023. For the period, the company announced dividend of JPY 100.00 per share against a dividend of JPY 95.00 per share paid a year ago. Payable on June 30, 2023.For the second quarter of fiscal year ending March 31, 2024, the company expects to pay a dividend of JPY 110.00 per share.お知らせ • May 11Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2023Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥100.00 per share at 4.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥204 (vs JP¥212 in 3Q 2022)Third quarter 2023 results: EPS: JP¥204 (down from JP¥212 in 3Q 2022). Revenue: JP¥33.3b (up 10% from 3Q 2022). Net income: JP¥1.91b (down 3.4% from 3Q 2022). Profit margin: 5.7% (down from 6.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 03+ 1 more updateShinagawa Refractories Co., Ltd. Provides Year End Dividend Guidance for the Year Ending March 31, 2023Shinagawa Refractories Co., Ltd. provided year end dividend guidance for the year ending March 31, 2023. For the period, the company expects year end dividend of JPY 100.00 per share compared to JPY 95.00 per share a year ago.お知らせ • Nov 27Shinagawa Refractories Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023Shinagawa Refractories Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Keiko Yamahira was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 05Second quarter 2023 earnings released: EPS: JP¥285 (vs JP¥148 in 2Q 2022)Second quarter 2023 results: EPS: JP¥285 (up from JP¥148 in 2Q 2022). Revenue: JP¥31.4b (up 18% from 2Q 2022). Net income: JP¥2.67b (up 93% from 2Q 2022). Profit margin: 8.5% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year.お知らせ • Nov 03+ 1 more updateShinagawa Refractories Co., Ltd. Announces Dividend for Year End March 2022, Payable December 01 2022 and Provides Dividend Guidance for the Year Ending March 31, 2023Shinagawa Refractories Co., Ltd. provided dividend guidance for the year ending March 31, 2023 and announced dividend of JPY 100.00 for year end march 2022 on Dividend payable date (as planned) December 01 2022. For the period, the company expected dividend to be JPY 100.00 per share against JPY 95 a year ago.お知らせ • Sep 28Shinagawa Refractories Co., Ltd. to Report Q2, 2023 Results on Nov 02, 2022Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2023 results on Nov 02, 2022Upcoming Dividend • Sep 22Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%).Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥205 (vs JP¥232 in 1Q 2022)First quarter 2023 results: EPS: JP¥205 (down from JP¥232 in 1Q 2022). Revenue: JP¥29.7b (up 15% from 1Q 2022). Net income: JP¥1.92b (down 11% from 1Q 2022). Profit margin: 6.5% (down from 8.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 05+ 1 more updateShinagawa Refractories Co., Ltd Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2022Shinagawa Refractories Co., Ltd. provided dividend guidance for the second quarter of fiscal year ending March 31, 2022. For the quarter, the company expected dividend to be JPY 100.00 per share.お知らせ • Jun 01Shinagawa Refractories Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥568 (vs JP¥226 in FY 2021)Full year 2022 results: EPS: JP¥568 (up from JP¥226 in FY 2021). Revenue: JP¥110.8b (up 11% from FY 2021). Net income: JP¥5.31b (up 151% from FY 2021). Profit margin: 4.8% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • May 13+ 2 more updatesShinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2022Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2022.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Managing Executive Officer & Director Hirofumi Yamashita was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08Shinagawa Refractories Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Shinagawa Refractories Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥95.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.7%).Reported Earnings • Feb 04Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥212 (up from JP¥139 in 3Q 2021). Revenue: JP¥30.2b (up 13% from 3Q 2021). Net income: JP¥1.98b (up 52% from 3Q 2021). Profit margin: 6.6% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.株主還元5351JP Basic MaterialsJP 市場7D-0.05%-2.4%-0.5%1Y18.2%14.5%41.3%株主還元を見る業界別リターン: 5351過去 1 年間で14.5 % の収益を上げたJP Basic Materials業界を上回りました。リターン対市場: 5351は、過去 1 年間で41.3 % のリターンを上げたJP市場を下回りました。価格変動Is 5351's price volatile compared to industry and market?5351 volatility5351 Average Weekly Movement4.4%Basic Materials Industry Average Movement5.4%Market Average Movement5.0%10% most volatile stocks in JP Market9.7%10% least volatile stocks in JP Market2.5%安定した株価: 5351 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 5351の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト18753,732Hiroyuki Fujiwarawww.shinagawa.co.jp品川リフラ株式会社は、国内外で耐火物の製造・販売を行っている。同社は、塩基性、炭素含有、耐火粘土、高アルミナ、炭化ケイ素、シリカれんがを含む定形耐火れんが、キャスタブル耐火物、ガンニング耐火物、プレキャスト定形物、プラスチックミックス、ランミングミックス、耐火モルタルからなる不定形耐火物、スライドゲートプレートれんが、サブマージドエントリーノズル、モノブロックストッパー、取鍋シュラウドなどの機能性製品、連続鋳造用モールドパウダーを提供している。また、モジュール、予備成形品、耐火断熱板、シート、ガスケットからなる様々な形状のセラミックファイバーや、高精度大型セラミック部品、液晶・半導体製造装置用アルミナ、ジルコニア、炭化ケイ素、a-サイアロン、多孔質セラミックなどのファインセラミックスも提供している。また、多機能吸着剤・乾燥剤、無機耐熱塗料・接着剤、関連製品も提供している。さらに、様々な工業用窯の設計、設置、メンテナンスも行っている。同社の製品は、高炉、RH脱ガス装置、魚雷車、転炉、鋳造、焼却炉、ガラス炉、セメントロータリーキルンなどの用途で使用されている。品川リフラ株式会社は、以前は品川リフラクトリーズ株式会社として知られていたが、2025年10月に品川リフラ株式会社に社名変更した。同社は1875年に設立され、千代田区に本社を置いている。もっと見るShinagawa Refra Co., Ltd. 基礎のまとめShinagawa Refra の収益と売上を時価総額と比較するとどうか。5351 基礎統計学時価総額JP¥87.30b収益（TTM）JP¥26.07b売上高(TTM)JP¥177.74b3.3xPER（株価収益率0.5xP/Sレシオ5351 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計5351 損益計算書（TTM）収益JP¥177.74b売上原価JP¥134.75b売上総利益JP¥42.99bその他の費用JP¥16.92b収益JP¥26.07b直近の収益報告Mar 31, 2026次回決算日May 28, 2026一株当たり利益（EPS）571.32グロス・マージン24.19%純利益率14.67%有利子負債／自己資本比率33.7%5351 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.7%現在の配当利回り13%配当性向5351 配当は確実ですか？5351 配当履歴とベンチマークを見る5351 、いつまでに購入すれば配当金を受け取れますか？Shinagawa Refra 配当日配当落ち日Mar 30 2026配当支払日Jun 26 2026配当落ちまでの日数54 days配当支払日までの日数34 days5351 配当は確実ですか？5351 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 16:08終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Shinagawa Refra Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Ryousuke KiyotaTokai Tokyo Intelligence Laboratory Co., Ltd.
Reported Earnings • May 20Full year 2026 earnings released: EPS: JP¥571 (vs JP¥214 in FY 2025)Full year 2026 results: EPS: JP¥571 (up from JP¥214 in FY 2025). Revenue: JP¥177.7b (up 23% from FY 2025). Net income: JP¥26.1b (up 167% from FY 2025). Profit margin: 15% (up from 6.8% in FY 2025). Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year.
お知らせ • May 15Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026.
お知らせ • May 09Shinagawa Refra Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026Shinagawa Refra Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026
Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to JP¥2,106. The fair value is estimated to be JP¥2,669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).
Buy Or Sell Opportunity • Mar 09Now 20% undervaluedOver the last 90 days, the stock has risen 16% to JP¥2,213. The fair value is estimated to be JP¥2,782, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.
Reported Earnings • May 20Full year 2026 earnings released: EPS: JP¥571 (vs JP¥214 in FY 2025)Full year 2026 results: EPS: JP¥571 (up from JP¥214 in FY 2025). Revenue: JP¥177.7b (up 23% from FY 2025). Net income: JP¥26.1b (up 167% from FY 2025). Profit margin: 15% (up from 6.8% in FY 2025). Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year.
お知らせ • May 15Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026Shinagawa Refra Co., Ltd., Annual General Meeting, Jun 25, 2026.
お知らせ • May 09Shinagawa Refra Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026Shinagawa Refra Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026
Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to JP¥2,106. The fair value is estimated to be JP¥2,669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).
Buy Or Sell Opportunity • Mar 09Now 20% undervaluedOver the last 90 days, the stock has risen 16% to JP¥2,213. The fair value is estimated to be JP¥2,782, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%.
分析記事 • Feb 13Shinagawa Refra (TSE:5351) Has Affirmed Its Dividend Of ¥45.00Shinagawa Refra Co., Ltd.'s ( TSE:5351 ) investors are due to receive a payment of ¥45.00 per share on 29th of June...
Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥562 (vs JP¥66.09 in 3Q 2025)Third quarter 2026 results: EPS: JP¥562 (up from JP¥66.09 in 3Q 2025). Revenue: JP¥48.2b (up 31% from 3Q 2025). Net income: JP¥25.6b (up JP¥22.6b from 3Q 2025). Profit margin: 53% (up from 8.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jan 23Shinagawa Refra (TSE:5351) Is Paying Out A Dividend Of ¥45.00The board of Shinagawa Refra Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend on the 29th of June, with...
お知らせ • Jan 23Shinagawa Refra Co., Ltd. (TSE:5351) entered into agreement to acquire 51% stake in Dynamix Casting Fluxes, Llc from Michael Kiss and other founders for $38.3 million.Shinagawa Refra Co., Ltd. (TSE:5351) entered into agreement to acquire 51% stake in Dynamix Casting Fluxes, Llc from Michael Kiss and other founders for $38.3 million on January 22, 2026. A cash consideration of $38.3 million will be paid by Shinagawa Refra Co., Ltd. As part of consideration, $38.3 million is paid towards common equity of Dynamix Casting Fluxes, Llc.
分析記事 • Jan 09Shinagawa Refra (TSE:5351) Has Announced A Dividend Of ¥45.00The board of Shinagawa Refra Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend on the 29th of June, with...
分析記事 • Dec 02Shinagawa Refra (TSE:5351) Has Affirmed Its Dividend Of ¥45.00The board of Shinagawa Refra Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend of ¥45.00 per share on...
Declared Dividend • Dec 02First half dividend of JP¥45.00 announcedDividend of JP¥45.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 29Shinagawa Refra Co., Ltd. to Report Q3, 2026 Results on Feb 05, 2026Shinagawa Refra Co., Ltd. announced that they will report Q3, 2026 results on Feb 05, 2026
Reported Earnings • Nov 14Second quarter 2026 earnings released: EPS: JP¥56.68 (vs JP¥43.80 in 2Q 2025)Second quarter 2026 results: EPS: JP¥56.68 (up from JP¥43.80 in 2Q 2025). Revenue: JP¥43.6b (up 27% from 2Q 2025). Net income: JP¥2.59b (up 30% from 2Q 2025). Profit margin: 5.9% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Nov 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to JP¥1,840. The fair value is estimated to be JP¥2,306, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 14%.
Buy Or Sell Opportunity • Oct 24Now 20% undervaluedOver the last 90 days, the stock has risen 11% to JP¥1,883. The fair value is estimated to be JP¥2,354, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 14%.
Buy Or Sell Opportunity • Oct 07Now 20% undervaluedOver the last 90 days, the stock has risen 13% to JP¥1,875. The fair value is estimated to be JP¥2,355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 14%.
分析記事 • Sep 21Shinagawa Refractories' (TSE:5351) Dividend Will Be ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend of ¥45.00 per share on the 2nd...
分析記事 • Sep 05Shinagawa Refractories (TSE:5351) Will Pay A Dividend Of ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) will pay a dividend of ¥45.00 on the 2nd of December. Based on this...
お知らせ • Sep 02Shinagawa Refractories Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025
分析記事 • Aug 21Shinagawa Refractories (TSE:5351) Will Pay A Dividend Of ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) will pay a dividend of ¥45.00 on the 2nd of December. This makes the...
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥38.53 (vs JP¥63.93 in 1Q 2025)First quarter 2026 results: EPS: JP¥38.53 (down from JP¥63.93 in 1Q 2025). Revenue: JP¥38.3b (up 13% from 1Q 2025). Net income: JP¥1.76b (down 40% from 1Q 2025). Profit margin: 4.6% (down from 8.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 09New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
分析記事 • Aug 07Shinagawa Refractories (TSE:5351) Will Pay A Dividend Of ¥45.00Shinagawa Refractories Co., Ltd. ( TSE:5351 ) will pay a dividend of ¥45.00 on the 2nd of December. The dividend yield...
分析記事 • Jul 24Shinagawa Refractories (TSE:5351) Has Announced A Dividend Of ¥45.00The board of Shinagawa Refractories Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend of ¥45.00 per...
分析記事 • Jul 10Shinagawa Refractories (TSE:5351) Is Paying Out A Dividend Of ¥45.00The board of Shinagawa Refractories Co., Ltd. ( TSE:5351 ) has announced that it will pay a dividend on the 2nd of...
Declared Dividend • Jul 09Final dividend of JP¥45.00 announcedDividend of JP¥45.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 5.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 27Shinagawa Refractories Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025
分析記事 • May 28Why Shinagawa Refractories' (TSE:5351) Shaky Earnings Are Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Shinagawa Refractories Co., Ltd.'s ( TSE:5351 ) recent earnings didn't...
Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥214 (vs JP¥328 in FY 2024)Full year 2025 results: EPS: JP¥214 (down from JP¥328 in FY 2024). Revenue: JP¥144.1b (flat on FY 2024). Net income: JP¥9.78b (down 36% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 15Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 26, 2025Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 26, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,404, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 10x in the Basic Materials industry in Japan. Total returns to shareholders of 122% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%).
お知らせ • Mar 20Shinagawa Refractories Co., Ltd. (TSE:5351) agreed to acquire 60% stake in Reframax Engenharia S/A from three individuals for BRL 1 billion.Shinagawa Refractories Co., Ltd. (TSE:5351) agreed to acquire 60% stake in Reframax Engenharia S/A from three individuals for BRL 1 billion on March 19, 2025. Transaction values Reframax at BRL 1 billion on a debt-free, cash-free basis. The sellers are three individuals, who are part of the founding family of Reframax. Upon completion of the Transaction, Shinagawa will indirectly hold 60% of the issued share capital of Reframax. This acquisition will enhance Shinagawa’s presence in Americas, aligning with its Vision 2030 strategy for global expansion. Through this transaction, Shinagawa will acquire a controlling stake in Reframax. However, Reframax's existing management team will continue to lead the company post transaction, with oversight and strategic input from a newly constituted board of directors comprising representatives from both Shinagawa and the Founding Family. This new joint management and governance structure will ensure that Reframax maintains its market position and outstanding customer service in the South American refractories engineering market, whilst simultaneously leveraging on the engineering expertise and operational knowhow that Shinagawa has developed through its long-standing presence in the Japanese market. The transaction is subject to customary regulatory approvals, including clearance under Brazilian antitrust regulations. Following these approvals, closing is expected within Q1 FY 2025. Shinagawa has been assisted in this acquisition by Houlihan Lokey and Brasilpar (Financial Advisors) and Demarest (Legal Advisor).
お知らせ • Mar 04Shinagawa Refractories Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025Shinagawa Refractories Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025
New Risk • Feb 07New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.
Declared Dividend • Dec 03First half dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (15% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 30Shinagawa Refractories Co., Ltd. to Report Q3, 2025 Results on Feb 06, 2025Shinagawa Refractories Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025
分析記事 • Nov 27Earnings Troubles May Signal Larger Issues for Shinagawa Refractories (TSE:5351) ShareholdersThe market wasn't impressed with the soft earnings from Shinagawa Refractories Co., Ltd. ( TSE:5351 ) recently. Our...
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥43.80 (vs JP¥53.33 in 2Q 2024)Second quarter 2025 results: EPS: JP¥43.80 (down from JP¥53.33 in 2Q 2024). Revenue: JP¥34.4b (down 4.6% from 2Q 2024). Net income: JP¥2.00b (down 20% from 2Q 2024). Profit margin: 5.8% (down from 6.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year and the company’s share price has also increased by 32% per year.
お知らせ • Oct 24Shinagawa Refractories Co., Ltd. (TSE:5351) acquired Gouda Refractories B.V. from Andus Group BV for approximately €140 million.Shinagawa Refractories Co., Ltd. (TSE:5351) signed an agreement to acquire Gouda Refractories B.V. from Andus Group BV for approximately €140 million on October 24, 2024. Shinagawa Refractories acquired 18,000 shares of Gouda Refractories. The Company's board of directors meeting held today to enter into an agreement regarding the Share Acquisition and to borrow funds associated with the Share Acquisition. For December 31, 2023, Gouda Refractories has Consolidated net assets of €19.2 million, Consolidated total assets of €57.1 million, Consolidated sales of €103.7 million, Consolidated operating profit of €11.2 million. Shinagawa Refractories Co., Ltd. (TSE:5351) completed the acquisition of Gouda Refractories B.V. from Andus Group BV on October 24, 2024.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%).
お知らせ • Aug 28Shinagawa Refractories Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024
Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥63.93 (vs JP¥148 in 1Q 2024)First quarter 2025 results: EPS: JP¥63.93 (down from JP¥148 in 1Q 2024). Revenue: JP¥33.9b (down 7.6% from 1Q 2024). Net income: JP¥2.91b (down 58% from 1Q 2024). Profit margin: 8.6% (down from 19% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 05The Market Doesn't Like What It Sees From Shinagawa Refractories Co., Ltd.'s (TSE:5351) Earnings Yet As Shares Tumble 28%The Shinagawa Refractories Co., Ltd. ( TSE:5351 ) share price has fared very poorly over the last month, falling by a...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,446, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Basic Materials industry in Japan. Total returns to shareholders of 103% over the past three years.
Declared Dividend • Jul 11Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 33% over the next 2 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jun 02Shinagawa Refractories Co., Ltd. to Report Q1, 2025 Results on Aug 05, 2024Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2025 results on Aug 05, 2024
分析記事 • May 22Additional Considerations Required While Assessing Shinagawa Refractories' (TSE:5351) Strong EarningsDespite posting some strong earnings, the market for Shinagawa Refractories Co., Ltd.'s ( TSE:5351 ) stock hasn't moved...
Reported Earnings • May 16Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: JP¥328 (up from JP¥178 in FY 2023). Revenue: JP¥144.2b (up 15% from FY 2023). Net income: JP¥15.3b (up 84% from FY 2023). Profit margin: 11% (up from 6.6% in FY 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to stay flat during the next 2 years compared to a 3.3% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
お知らせ • May 15Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 27, 2024Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 27, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%).
Price Target Changed • Mar 02Price target increased by 12% to JP¥2,190Up from JP¥1,950, the current price target is provided by 1 analyst. New target price is 8.5% above last closing price of JP¥2,018. Stock is up 115% over the past year. The company is forecast to post earnings per share of JP¥342 for next year compared to JP¥178 last year.
お知らせ • Mar 02Shinagawa Refractories Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Shinagawa Refractories Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024
Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥68.90 (vs JP¥40.87 in 3Q 2023)Third quarter 2024 results: EPS: JP¥68.90 (up from JP¥40.87 in 3Q 2023). Revenue: JP¥36.4b (up 9.4% from 3Q 2023). Net income: JP¥3.18b (up 66% from 3Q 2023). Profit margin: 8.7% (up from 5.7% in 3Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 55% per year.
お知らせ • Feb 03Shinagawa Refractories Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024Shinagawa Refractories Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of JPY 145,000 million, operating profit of JPY 14,500 million and profit attributable to owners of parent of JPY 15,000 million or JPY 323.11 per basic share.
お知らせ • Dec 07Shinagawa Refractories Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024Shinagawa Refractories Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024
Reported Earnings • Nov 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: JP¥36.0b (up 15% from 2Q 2023). Net income: JP¥2.50b (down 6.5% from 2Q 2023). Profit margin: 6.9% (down from 8.5% in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 04Shinagawa Refractories Co., Ltd. (TSE:5351) announces an Equity Buyback for 1,250,000 shares, representing 2.67% for ¥2,250 million.Shinagawa Refractories Co., Ltd. (TSE:5351) announces a share repurchase program. Under the program, the company will repurchase 1,250,000 shares, representing 2.67% of its issued share capital (excluding treasury stock), for ¥2,250 million. The purpose of the program is to enhance the return of profits to shareholders, increase the value per share, and implement flexible capital policies in response to changes in the business environment. The program will run until March 31, 2024. As of September 30, 2023, the company had 46,783,690 shares in issue (excluding treasury stock) and 363,140 shares in treasury.
お知らせ • Oct 20An unknown buyer agreed to acquire a 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited (BSE:506076) for INR 80 millionAn unknown buyer agreed to acquire a 49% stake in SG Shinagawa Refractories India Private Limited from Grindwell Norton Limited (BSE:506076) for INR 80 million on October 19, 2023.
Valuation Update With 7 Day Price Move • Oct 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,393, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Basic Materials industry in Japan. Total returns to shareholders of 229% over the past three years.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥160 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.6%).
お知らせ • Aug 30Shinagawa Refractories Co., Ltd. to Report Q2, 2024 Results on Nov 02, 2023Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2024 results on Nov 02, 2023
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Aug 04First quarter 2024 earnings released: EPS: JP¥742 (vs JP¥205 in 1Q 2023)First quarter 2024 results: EPS: JP¥742 (up from JP¥205 in 1Q 2023). Revenue: JP¥36.7b (up 24% from 1Q 2023). Net income: JP¥6.94b (up 262% from 1Q 2023). Profit margin: 19% (up from 6.5% in 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥7,300, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Basic Materials industry in Japan. Total returns to shareholders of 285% over the past three years.
New Risk • Jul 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Jun 09Shinagawa Refractories Co., Ltd. to Report Q1, 2024 Results on Aug 03, 2023Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2024 results on Aug 03, 2023
Reported Earnings • May 13Full year 2023 earnings released: EPS: JP¥888 (vs JP¥568 in FY 2022)Full year 2023 results: EPS: JP¥888 (up from JP¥568 in FY 2022). Revenue: JP¥125.0b (up 13% from FY 2022). Net income: JP¥8.31b (up 56% from FY 2022). Profit margin: 6.6% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 12+ 1 more updateShinagawa Refractories Co., Ltd. Announces Dividend for the Fiscal Year Ended March 31, 2023, Payable on June 30, 2023; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2024Shinagawa Refractories Co., Ltd. announced dividend for the fiscal year ended March 31, 2023. For the period, the company announced dividend of JPY 100.00 per share against a dividend of JPY 95.00 per share paid a year ago. Payable on June 30, 2023.For the second quarter of fiscal year ending March 31, 2024, the company expects to pay a dividend of JPY 110.00 per share.
お知らせ • May 11Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2023Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥100.00 per share at 4.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%).
Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥204 (vs JP¥212 in 3Q 2022)Third quarter 2023 results: EPS: JP¥204 (down from JP¥212 in 3Q 2022). Revenue: JP¥33.3b (up 10% from 3Q 2022). Net income: JP¥1.91b (down 3.4% from 3Q 2022). Profit margin: 5.7% (down from 6.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 03+ 1 more updateShinagawa Refractories Co., Ltd. Provides Year End Dividend Guidance for the Year Ending March 31, 2023Shinagawa Refractories Co., Ltd. provided year end dividend guidance for the year ending March 31, 2023. For the period, the company expects year end dividend of JPY 100.00 per share compared to JPY 95.00 per share a year ago.
お知らせ • Nov 27Shinagawa Refractories Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023Shinagawa Refractories Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Keiko Yamahira was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 05Second quarter 2023 earnings released: EPS: JP¥285 (vs JP¥148 in 2Q 2022)Second quarter 2023 results: EPS: JP¥285 (up from JP¥148 in 2Q 2022). Revenue: JP¥31.4b (up 18% from 2Q 2022). Net income: JP¥2.67b (up 93% from 2Q 2022). Profit margin: 8.5% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year.
お知らせ • Nov 03+ 1 more updateShinagawa Refractories Co., Ltd. Announces Dividend for Year End March 2022, Payable December 01 2022 and Provides Dividend Guidance for the Year Ending March 31, 2023Shinagawa Refractories Co., Ltd. provided dividend guidance for the year ending March 31, 2023 and announced dividend of JPY 100.00 for year end march 2022 on Dividend payable date (as planned) December 01 2022. For the period, the company expected dividend to be JPY 100.00 per share against JPY 95 a year ago.
お知らせ • Sep 28Shinagawa Refractories Co., Ltd. to Report Q2, 2023 Results on Nov 02, 2022Shinagawa Refractories Co., Ltd. announced that they will report Q2, 2023 results on Nov 02, 2022
Upcoming Dividend • Sep 22Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%).
Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥205 (vs JP¥232 in 1Q 2022)First quarter 2023 results: EPS: JP¥205 (down from JP¥232 in 1Q 2022). Revenue: JP¥29.7b (up 15% from 1Q 2022). Net income: JP¥1.92b (down 11% from 1Q 2022). Profit margin: 6.5% (down from 8.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 05+ 1 more updateShinagawa Refractories Co., Ltd Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2022Shinagawa Refractories Co., Ltd. provided dividend guidance for the second quarter of fiscal year ending March 31, 2022. For the quarter, the company expected dividend to be JPY 100.00 per share.
お知らせ • Jun 01Shinagawa Refractories Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022Shinagawa Refractories Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥568 (vs JP¥226 in FY 2021)Full year 2022 results: EPS: JP¥568 (up from JP¥226 in FY 2021). Revenue: JP¥110.8b (up 11% from FY 2021). Net income: JP¥5.31b (up 151% from FY 2021). Profit margin: 4.8% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • May 13+ 2 more updatesShinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2022Shinagawa Refractories Co., Ltd., Annual General Meeting, Jun 29, 2022.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Managing Executive Officer & Director Hirofumi Yamashita was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08Shinagawa Refractories Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Shinagawa Refractories Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥95.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.7%).
Reported Earnings • Feb 04Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥212 (up from JP¥139 in 3Q 2021). Revenue: JP¥30.2b (up 13% from 3Q 2021). Net income: JP¥1.98b (up 52% from 3Q 2021). Profit margin: 6.6% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
